GMR Airports Infrastructure falls despite reporting 8% growth in passenger traffic during June 2024
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GMR Airports Infrastructure is currently trading at Rs. 95.00, down by 1.94 points or 2.00% from its previous closing of Rs. 96.94 on the BSE.
The scrip opened at Rs. 97.00 and has touched a high and low of Rs. 97.88 and Rs. 94.77 respectively. So far 1102512 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 101.20 on 27-Jun-2024 and a 52 week low of Rs. 44.00 on 21-Jul-2023.
Last one week high and low of the scrip stood at Rs. 100.55 and Rs. 94.77 respectively. The current market cap of the company is Rs. 57607.06 crore.
The promoters holding in the company stood at 59.07%, while Institutions and Non-Institutions held 32.85% and 8.08% respectively.
GMR Airports Infrastructure has reported 8% year-on-year (Y-o-Y) growth in passenger traffic to 10,661,469 in June 2024. Delhi Airport witnessed passenger traffic of 6,490,322, 9% Y-o-Y increase, followed by Hyderabad at 2,222,920, up 9% and Goa's MOPA at 374,152, up 20% in June.
For the same period, aircraft movements grew 6% Y-o-Y to 69,055. Of the total, Delhi Airport witnessed 37,960 aircraft movement in June, while Hyderabad saw 15,861 aircraft movement.
GMR Airports Infrastructure (formerly known as GMR Infrastructure) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.
